thread: Do you still believe in the perfect trading system?

As I read Gann system has been winning ratio approximately 85 percent and this = to make furtune = he know when price at time to reverse and know how the market move= holy grail.
I see a publication of Cowan who has some secrets of Gann and that I can see analysis for moves.
From how good remark of Tunera.

By most reports Gann wasted his family fortune and died a pauper-so how good was his system?

I believe there is a method or manner of trading which has a high likelihood of success. I frankly believe that a trader will come very near to finding the Holy Grail if they are able to locate a system trades as well in the 1 minute window as any greater TF (e.g. 1 hour/weekly). It reminds me of when Einstein sought the perfect equation which can be applied to intermolecular relationships as well as inter and gravitational planetary relationships. It was a goal he was not able to complete in his day.

I think there is a method or manner of trading that has a high probability of succeeding. I honestly feel that a trader will come very near to finding the Holy Grail when they can find a system transactions as well at the 1 minute window as any higher TF (e.g. 1 hour/weekly). It reminds me of when Einstein was searching for the perfect equation that could be applied to intermolecular relationships in addition to planetary relationships. It was a target that he wasn't able to complete in his day.

In fact, I hope I am rather close to it.

The answer is divergence the highest of probabilty of trades

I honestly believe that a trader will come very close to finding the Holy Grail when they are able to discover a system trades just as well at the 1 minute window as any greater TF (e.g. 1 hour/weekly).

Yes, and pre-trade trade and study just the 1' TF.
A bunch of 1' TF charts remains a greater TF. Same Number of pips to earn, a potential of greater leverage each.

#1 DON'T scalp. It'll hurt you sooner or later (sooner for beginners, later for experts, but it will surely hurt).

How afterwards for experts? ... 5 - 10 years indicate?

I believe there's a method or manner of trading that has a high probability of success.

Of course there's... that is the reason why there are successful traders.

I frankly believe that a trader will come very close to finding the Holy Grail when they can discover a system transactions just as well from the 1 second window as any higher TF (e.g. 1 hour/weekly).

I also agree to the stage.

I like to sum it up simply: If you know what you're doing, you will be a success.
Of course, you need to validate in the event that you truly know what it is you are doing. Just have a look at your account and your account will tell you the facts of everything you know. It will affirm you at any point, sooner or later.

I think its the wrong way to approach this.

Its better to look for a trading strategy.

Trading process is a part of a trading plan. If you search a trading system you wont be successful.

Many good trader have trading plan. When you examine their system you'll observe their trading process is simply simple and ordinary.

Imagine those big trading company with billions of dollars and they can afford to hire genius to style the very best trading system.

Should you read interviews in investment magazine, the trader working for these companies didnt emphasize about their trading system but trading as a whole. When you look really close they're talking about trading strategy.

How afterwards for experts? ... 5 - 10 years indicate?

Exactly 6.4 decades!

Only kidding. By scalping you'll lose your entire fortune I don't mean that. You can make money this way.

Beginners can lose money like... the first day, lol. Money will be always made by pros.

I only mean that... scalping isn't that secure. I just like to put it this way: I have never known a renowned trader that scalps, most big traders will trade nearly in a daily basis, many big traders trade with very lower risks... I watched a video from Jack Schwager, at which he and all his audience becomes impressed by a trader that was making 25% of profit each month... what the hell? He makes everyone and just 25% got impressed? I have seen scalping systems in here which make such as 100 pips each day, with a win ratio of 14 wins 1 loss.

The point is... if big successful traders trade with a REALLY low risk... and all the novels say the market is similar to hell, where you'll lose your entire fortune if you don't know just what you're doing... that I just don't wanna try scalping. I know that it will hurt someday.

This is similar to smoking, it will not kill you the first day, maybe not even in years, but it has a major probability of causing you something awful. Perhaps it will not be passing, perhaps it will just be cancer and you will wind up dying from a car accident. Perhaps you'll never get hurt. But the probability is that something will occur to many people.

I think scalping is exactly like trading the market. 95 percent of those folks will eliminate money. There are.

A great percentage of people may eliminate money with scalping. There are.

The Holy Grail rules:

#1 DON'T scalp. It will hurt you earlier or later (earlier for beginners, later for pros, but it will surely hurt).

Do not be so confident.

#2 You must realize that backtesting a method for 1 month is not enough. Not even a year. Nope, not even 2 years. I would say.

Time is not a sample. A month might be quite significant for a scalper, also 10 years may be nothing for an extremely trader.

#You have to understand that the market is ALMOST RANDOM

There is no randomness in the market.

#5 You have to realize that the very best indior is your cash data itself (as well as the indiors that work using ONLY the cash data). From these indiors, the only working ones are the following:

having the ability to view the trades is significantly more useful, but your ideas also work if providing we have an ounce of skill.

#6 You have to realize that you MUST have a great Money Management egy. Bear in mind, the market is arbitrary, so trading is a game. Having a money management such as TP 100 and SL 50 can force you to win the game.

The market is not nearly arbitrary, and is not nearly 50-50.

This is the ultimate system.

It is the ultimate method for you, that you've got discovered.